Three Lakes - Edward U Demmer Memorial

Private foundation · Grantmaker Eagan, MN EIN: 39-1393534

Three Lakes - Edward U Demmer Memorial is a private foundation, based in Eagan, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $292K in total assets. In 2025, it awarded 1 grant totaling $14K. Net investment income was $29K.

Key facts about Three Lakes - Edward U Demmer Memorial

In short: Three Lakes - Edward U Demmer Memorial gave $14K across 1 grant in 2025 (avg $14K), mostly in Wisconsin. Source: 2025 IRS Form 990-PF.

EIN
39-1393534
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$14,029
Grants made (2025)
1
Average grant
$14,029
Median grant
$14,029
Total assets
$292,116
Primary geography
Wisconsin (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$292K

+4.7% YoY

Annual Giving

$14K

+9.8% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$14K

+9.8% YoY

Under IRS private-foundation payout rules, Three Lakes - Edward U Demmer Memorial reported a distributable amount of $17K for 2025 — the minimum it must pay out in qualifying distributions.

How Three Lakes - Edward U Demmer Memorial gives

  • Giving held roughly steady from 2022 to 2025 (−11%). Method
  • In 2025 it paid out 97% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Three Lakes

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K$20K1 grant2019 1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2019 to 2025, annual grant giving ranged from $13K (2024) to $16K (2022). In 2025 it made 1 grant totaling $14K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Edward U Demmer Memorial Library: $14KEdward U Demmer MemorialLibrary$14K

The largest 2025 recipient was Edward U Demmer Memorial Library ($14K).

Grant Size Distribution

5 grants across all recorded years

5<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 5 grants of 5 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Edward U Demmer Memorial Library Three Lakes, WIGeneral Operating$14,029

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$10K$20K$30K$40K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$292,116$278,947$286,610
Revenue$34,505$12,216$15,200
Expenses$21,233$19,874$20,274
Qualifying Distributions$16,351$15,075$15,918
Net Investment Income$29,394$7,555$10,629
Distributable Amount$16,800$16,322$15,012

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS May 8, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 9, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 5, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
  7. Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
  8. IRS filings on file for fiscal years 2019–2024

Leadership & Key People

Officers and directors from IRS filings

Three Lakes - Edward U Demmer Memorial's 2025 filing lists 3 officers; 1 of 3 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • US Bank N A

    Trustee

    Corp Trustee → Trustee, 2020

    On filings since 2019

    1 hr/week

    $5K (2019) → $5K (2025)

  • James Levandoski

    Individual Co-Trustee

    On filings since 2019

    No compensation reported

  • Kenneth Klein

    Individual Co-Trustee

    On filings since 2019

    No compensation reported

Former officers (1)
  • Former: US Bank NA (2024) — Trustee

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

US Bank N a — Trustee: $5KUS Bank N aTrustee$5K

The highest reported compensation on the 2025 filing was $5K, to US Bank N a (Trustee).

Frequently asked questions about Three Lakes - Edward U Demmer Memorial

How much does Three Lakes - Edward U Demmer Memorial give each year?

Three Lakes - Edward U Demmer Memorial gave $14K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $13K across 1 grant.

How large is Three Lakes - Edward U Demmer Memorial?

Three Lakes - Edward U Demmer Memorial reported $292K in total assets on its 2025 IRS Form 990-PF. It paid out $16K in qualifying distributions that year, against a required minimum of $17K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

Where does Three Lakes - Edward U Demmer Memorial operate?

Three Lakes - Edward U Demmer Memorial has awarded grants in Wisconsin.

What is Three Lakes - Edward U Demmer Memorial's EIN?

Three Lakes - Edward U Demmer Memorial's EIN (Employer Identification Number) is 39-1393534. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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